Chinese state-owned giant PetroChina, which hasn’t bought Venezuelan crude since the U.S. imposed sanctions on Venezuela in 2019, is not too keen to start buying again after the U.S. authorized global traders to market the crude from the world’s biggest reserves holder.   PetroChina has told traders not to buy or trade Venezuela’s oil—a trade that is now under U.S. control after the capture of Nicolas Maduro, trading sources with knowledge of the matter told Reuters on Tuesday.   The Chinese oil and gas giant stopped…

Chinese state-owned giant PetroChina, which hasn’t bought Venezuelan crude since the U.S. imposed sanctions on Venezuela in 2019, is not too keen to start buying again after the U.S. authorized global traders to market the crude from the world’s biggest reserves holder.   PetroChina has told traders not to buy or trade Venezuela’s oil—a trade that is now under U.S. control after the capture of Nicolas Maduro, trading sources with knowledge of the matter told Reuters on Tuesday.   The Chinese oil and gas giant stopped…

Canada’s efforts to diversify its energy exports away from the United States go through boosting sales oil, gas, and uranium to the major energy market India, Canadian Energy Minister Tim Hodgson said at a conference in India on Tuesday. Canada has the opportunity to work with India now that it sees its high dependence on the U.S. market as a “strategic blunder,” the minister told the Indian Energy Week conference in Goa today, as carried by Reuters. “If Canada wants to be an energy superpower, we need to be trading our…

Oil demand will stay above 100 million barrels per day (bpd) through 2040, the chief executive of Abu Dhabi National Oil Company (ADNOC) said on Tuesday, reiterating the need for investment in all forms of energy. Global oil demand will remain above 100 million barrels per day through 2040, with demand for both LNG and electricity surging by 50% or more. Sultan Al Jaber, UAE Minister of Industry and Advanced Technology, and Managing Director and Group CEO of ADNOC, told the India Energy Week conference.      Global power demand…

Canada’s efforts to diversify its energy exports away from the United States go through boosting sales oil, gas, and uranium to the major energy market India, Canadian Energy Minister Tim Hodgson said at a conference in India on Tuesday. Canada has the opportunity to work with India now that it sees its high dependence on the U.S. market as a “strategic blunder,” the minister told the Indian Energy Week conference in Goa today, as carried by Reuters. “If Canada wants to be an energy superpower, we need to be trading our…